PLUMAS BANCORP (PLBC) Technical Analysis
NASDAQ:PLBC • US7292731020
Current stock price
PLBC Technical Rating and Analysis
Taking everything into account, PLBC scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month PLBC has a been trading in the 48.10 - 53.40 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: PLBC has an average volume of 27160 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that PLBC is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, PLBC also shows a nice and consistent pattern of rising prices.
- PLBC is one of the better performing stocks in the Banks industry, it outperforms 73% of 381 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- PLBC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLBC is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
PLBC Weekly and Daily overview Charts
PLBC Setup Rating and Analysis
Although the technical rating is only medium, PLBC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.48, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PLBC Support and Resistance Analysis
38.91
6 important support areas can be observed.
- A support zone ranging from 47.81 to 48.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.77 to 44.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.38 from a horizontal line in the daily time frame.
- Support @41.21 from a horizontal line in the daily time frame.
- Support @40.01 from a horizontal line in the daily time frame.
- Support @39.30 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.79 to 49.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.41 to 53.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
PLBC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PLBC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLBC is down. |
| ChartMill Relative Strength | 73.09 | POSITIVE | PLBC has a high relative strength, it outperformed 73.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PLBC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.28 | NEUTRAL | The RSI value for PLBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests PLBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.62 | OVERSOLD | The low Stochastics value suggests PLBC may be oversold. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for PLBC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.76 | POSITIVE | The high ADX value value for PLBC suggests a strong trend. |
PLBC Chart- and CandleStick Pattern Analysis
PLBC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.95 | 48.09 | 1.86 (3.72%) | 25.00% |
| An entry @49.95. This is a Buy Stop order right above the resistance zone. | An exit @48.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.86 points, which is 3.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of PLBC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PLBC Technicals: Chart, Performance Metrics, Trend & Indicators
48.49
+0.05 (+0.1%)
PLUMAS BANCORP / PLBC TA FAQ
What is the technical rating for PLBC stock?
ChartMill assigns a technical rating of 6 / 10 to PLBC.
What is the current trend direction of PLUMAS BANCORP (PLBC) stock?
The current trend direction for PLUMAS BANCORP (PLBC) is Bullish.
What is the RSI signal for PLUMAS BANCORP (PLBC) stock?
PLUMAS BANCORP (PLBC) has an RSI value of 36.2755. This indicates that the stock is currently neutral.
What is the buy/sell signal for PLBC stock?
The buy/sell signal for PLUMAS BANCORP (PLBC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for PLUMAS BANCORP (PLBC) stock?
PLUMAS BANCORP (PLBC) has a support level at 48.48 and a resistance level at 48.79. Check the full technical report for our detailed analysis of PLBC support and resistance levels.